RL Blogs
By Wispool Group
Nov 25, 2013Southeast Asia is seeing a new wave of investment in refining and petrochemical sector with billion-dollar projects being planned and commenced in Vietnam, Indonesia, Malaysia and Myanmar. |
With a combined investment of $50bn, Vietnam is now gaining traction and becoming a host spot in petrochemical market with mammoth projects back on track.
Vietnam’s GDP grew by an aggregate 7.2 percent in the last decade, while nearly 25 percent of the country’s domestic energy consumption comes from oil. Ranked 3rd in proved oil reserve after China and India in the APAC region with 4.4 thousand million barrels, Vietnam still remains a net importer of oil products.
Up to now, there is only one oil refinery in operation in Dung Quat to supply the country’s one third oil products. Vietnam needs to import more than 70 percent of the refined products and petrochemicals it needs. To enhance its oil and gas value and secure the continued economic growth, Vietnam government is now strongly committed to attracting foreign investors to boost up the nation’s downstream capacity, as reflected by billion-dollar refining and petrochemical complexes are being approved and EPC contracts awarded.
Ongoing and planned Refinery and Petrochemical projects in Vietnam include:
The Refining and Petrochemicals Southeast Asia 2014 (RPSEA2014) is going to convene leading refining and petrochemical players in Southeast Asia and beyond to debate and discuss on the most concerned topics such as project financing, planning and engineering, operation and maintenance, environment protection and legal issues in this region with 200 plus senior attendees from across the value chain.
By weaving hard-hit keynotes, real-life case studies, workshops, interactive panel discussions, technical spotlight sessions and one2one VIP meetings into this three day event, the RPSEA2014 is the MUST-ATTEND event for you to obtain the up-to-the-minute knowledge from government officials, refining and petrochemical operators, solution providers, financial institutions and consultancies and do business with your existing and prospective clients in a comforting business setting.
Key topics to be covered include at this event:
Invited speakers include:
For additional information, please contact:
Wispool Group Did: +86 21 5666 9839 Fax: +86 21 5666 9839 Email: info@wispool.com
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